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HSBC was the leading bookrunner in Brazil in international debt capital markets (DCM) in 2013, with a hand in US$4.29bn worth of deals (13 transactions) for an 11.0% share of the market, according to figures released by financial research firm Dealogic.
JPMorgan had the second biggest share with 10.9%, or US$4.26bn from 10 deals, followed by Banco do Brasil with 9.6% (US$3.73bn via 16 deals), Bank of America Merrill Lynch with 9.2% (US$3.60bn via 10 deals) and Itaú BBA with 9.1% (US$3.57bn via 13 deals).
The leading investment bank in Brazil in terms of DCM issuance was Itaú BBA, involved in US$3.37bn of transactions (41 deals) for a 28.1% share of the market.
The Brazilian lender was followed by compatriot Bradesco BBI with US$2.08bn via 23 deals (for 17.3%), BTG Pactual with US$1.38bn via 25 deals (11.6%), HSBC with US$1.17bn via 14 deals (9.8%) and Banco do Brasil with US$1.13bn via 15 deals (9.5%).
Brazilian DCM issuance in 2013 totaled US$51.0bn, a 24% decline compared to the record US$67.5bn issued in 2012.